UKraine's military says it hit Russian small missile carrier off coast off Dagestan

The reported strike on a Russian missile carrier by Ukraine signifies an escalation in military tensions, potentially influencing market sentiment across various asset classes, particularly in energy and forex. Heightened conflict risks could lead to increased volatility in commodities like oil and gold, while the USD may see pressure from emerging geopolitical concerns, affecting overall risk sentiment in both European and U.S. sessions.